Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets (Tables)

v3.22.2.2
Intangible Assets (Tables)
9 Months Ended
Sep. 30, 2022
Intangible Assets  
Schedule of intangible assets and related accumulated amortization

    

Trademarks and

Non-compete

    

Customer lists

    

tradenames

    

agreements

    

Total

Fair value at acquisition date

$

13,028,320

$

3,501,200

$

1,504,330

$

18,033,850

Accumulated amortization

 

(2,605,664)

 

(700,240)

 

(601,732)

 

(3,907,636)

Intangible assets, net

$

10,422,656

$

2,800,960

$

902,598

$

14,126,214

Estimated life (years)

 

10.0

 

10.0

 

5.0

 

  

Weighted-average remaining life (years)

 

8.0

 

8.0

 

3.0

 

  

Schedule of future amortization expense

    

Total

2022

    

488,455

2023

 

1,953,818

2024

 

1,953,818

2025

 

1,878,602

2026

 

1,652,952

Thereafter

 

6,198,569

Total

$

14,126,214